Premium Times reported to have uncovered one of the most fraudulent crude oil deals executed by the Goodluck Jonathan administration, which saw a campaign official and some other suspected cronies of the ex-president smiling to the banks with up to 50 per cent commission from the proceeds of a foreign crude oil lifting contract, turning them into instant billionaires.
In the middle of the shady deal is a Nigerian oil and gas...
In continuity to its determination to take the fight against corruption to the grassroot level, the Independent Corrupt Practices and Other Related Offences Commission (ICPC) organised an anti-corruption campaign for the local government officials of the 36 states of the federation.
The British Government has formally asked the Nigerian Government to assist it with its investigations into the activities of the former Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke when she held sway over the oil and gas sector between 2010 and 2015 and have requested details of transactions relating to the investigations in the Nigerian National Petroleum Corporation (NNPC) and the National Petroleum Development Corporation (NPDC).
The former minister was arrested by the British National Crime Agency (NCA) alongside four other people in London last Friday, but was...
Following the arrest of the former Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke, on allegations of bribery, corruption and money laundering, her interrogation continued yesterday at the Charing Cross Police Station, just as her husband, a former Chief of Naval Staff, Rear-Admiral Alison Madueke (rtd), has put together a legal team to defend his wife against the charges by the United Kingdom authorities.
The former minister was arrested last Friday in London by the British National Crime Agency (NCA) alongside four other people, but was...
Questioned with 4 others over ‘bribery and corruption’ allegations EFCC raids her Abuja home.
The United Kingdom National Crime Agency (NCA) yesterday arrested former Petroleum Resources Minister, Diezani Alison-Madueke in London, United Kingdom over allegations of bribery and corruption allegedly perpetrated during her tenure as minister.
Alison-Madueke who has been away in London receiving treatment for breast cancer since her tenure as petroleum minister ended on May 29 was said to have been released on bail after hours of interrogation by NCA operatives.
WASHINGTON (Reuters) - The World Bank took a bold stance on fighting corruption on Thursday, with President Jim Yong Kim saying that corruption at both the public and private level is the scourge of the developing world.
The development institution, which long shied away from tackling corruption...
President Goodluck Jonathan and two of his top ministers may be attempting a cover-up on what clearly competes as Nigeria’s biggest fraud ever, involving the illegal diversion, or theft, of over N8 trillion crude oil sales proceeds.
In a frantic and unusual memo to the president on September 25, 2013, Central Bank governor, Sanusi Lamido Sanusi, detailed how government-owned oil firm, the Nigerian National Petroleum Corporation, NNPC, systematically diverted the huge sum, being sales proceeds between January 2012 and July 2013.
Chatham House have released a report on International Options to Combat the Export of Stolen Oil - Nigeria's Criminal Crude.
This report by Christina Katsouris and Aaron Sayne, published September 2013, analyses the international dimensions of Nigerian crude oil theft and explores what the international community could do about it.
Nigerian crude oil is being stolen on an industrial scale. Nigeria lost at least 100,000 barrels of oil per day, around 5% of total output...
Over 50% of respondents in a global corruption survey think graft has worsened in the past two years, while a quarter reported having paid officials a bribe in the past 12 months.
The survey released on Tuesday by Berlin-based non-profit group Transparency International also found that people have least trust in institutions meant to help or protect them, including police, the courts and political parties. Respondents also believed official anti-corruption efforts had deteriorated since the 2008 start of the world financial and economic crisis.
Federal Executive Council, FEC, has approved the merger of Economic and Financial Crimes Commission, EFCC, with Independent Corrupt Practices and Other Related Offences Commission, ICPC, to form one anti-corruption agency
It also approved the scrapping of Bureau of Public Enterprises, BPE; National Poverty Eradication Programme, NAPEP; National Economic Intelligence Committee; Fiscal Responsibility Commission; Utilities Charges Commission and National Salaries, Incomes and Wages Commission, NSIWC.
The council took the decision at its meeting last Wednesday, while considering the White Paper...
Professor Aize Obayan, a former Vice Chancellor of Covenant University, Ota has been suspended from her position as director of the Education Commission of the Winners Chapel by the church’s general overseer, Bishop David Oyedepo. Ms. Obayan was suspended for reportedly altering examination results for several students in the department of Mass Communications. Among the students who benefited from the former VC’s grade alteration was Ms. Obayan’s own daughter.
The former VC was accused of perpetrating the academic fraud during her tenure. The former VC’s daughter graduated with a Second Class Upper Division in Mass Communication and is currently doing her National Youth Service Corps service. A source at the university revealed that Ms. Obayan inflated all of her...
It is with great sadness that we report the passing away of Mr. Festus Kenebor.
Mr. Kenebor was the Executive Director of Afro Centre for Development, Peace & Justice (AFRODEP), and an active member of the Anti-Corruption Internet Database (ACID) project. His commitment and contributions to the project will be greatly missed.
While we mourn the loss of Mr. Kenebor, we also celebrate his life and the valuable contributions he made to the Civil Society and Development sector.
We extend our deepest condolence to his family, friends and all those at...